deficit of two point four percent of g.d.p. and that is well above the guidance. so let's turn to frankfurt now where my colleague bartz is standing by in the markets i believe continued to be jittery over worries about the italian budget really why the nervousness there and in the e.u. of course. yes because the policies that the italian government is aiming out already raising the cost of boring for the italian government and since the government has come into office and started talking about these populist policies aimed to please their voters the cost of boring for italy has skyrocketed now it's nowhere near the levels it was when we had the euro sovereign debt crisis in the year two thousand and twelve when the euro zone was seriously in danger and the e.c.b. had to step in with a promise to do everything to preserve the euro but people are becoming worried